For nvidia. Chip stocks waiting to fuel record highs for tech and options point to a big swing when it reports tomorrow. The Jpmorgan Chase ceo an nouning his retirement may come within five years. Lets begin with the markets, jim. A bit of the setup here, tech alltime high on the s p. There are semiconductors yesterday that arent even doing well or at least hinted that things are turning. Texas instruments gave a sense that the stock was just on fire. Micron on that basically capitulation call. Ive missed it. Im going positive. It worked. Qualcomm on the idea that some people are looking for their chips even though they should be in abundance. Yesterday was a day where bro broadcom, were talking about a Top Ten Company in america. I asked jensen whether he would split the stock, the ceo of nvidia. He said, well, ill consider it. Do you know what would happen if they split that stock . A 10 move. It would be insane. It would be based on nothing. Well get a 10 for 1 lrcx along with a bi
Music played loudly brewing in the north bay. The unhoused living in a nearby encampment say one business is targeting them. What lawyers are doing today to try to put a stop to it. This is today in the bay area. Good morning to you on this Tuesday Morning. Thanks for allowing us to be a part of your morning. Im Marcus Washington and im laura garcia. Well check in with mike in the morning, commute in just a little bit. First. Want to enjoy the forecast for today . Another nice one. A little warmer a little warmer for some spots. And mainly thats the usual spots that heat up a little bit more than the coastline. So were going to have a temperatures peaking today in the low 80s. Not too bad. But then tomorrow the winds will start to pick up and then it gets quite a bit cooler as we lead into our Holiday Weekend. Take a look at our highs for today and what our normal High Temperature is for this date. In santa rosa, were looking at a high of 84. Now. Usually were seeing a high of 76. And
Loud music brewing in the north bay. People living in a nearby encampment say one business is targeting them. The new action being taken by attorneys. Also, courtroom drama as Donald Trumps defense team has its turn calling witnesses in the hush money trial. Were live this morning with what to expect today. This is today in the bay good morning to you. On this tuesday, im Marcus Washington and im laura garcia. Were going to check in with mike for that morning commute in just a bit. But first lets get a look at the forecast. Meteorologist kari hall is tracking what we can expect. Yes. Today, the warmest day of the week. This is what we are going to see as we get started this morning. As we take a live look at oakland, our temperatures go from mid 50s at 8 00 and a few clouds to all clear the rest of the day, and warming temperatures. Now here in oakland were going to see temperatures in the 70s up to 78 degrees 80 in fremont and 82 in san jose. So even though this is the warmest day of
This hour. These are modest declines. Dow down 71 points. S p futures off 11. Nasdaq down by 44. At this point, the dow is on track for its fourth negative week in the last five and that is because of the treasury yields. They have been pushing higher and higher. The tenyear yield is 4. 95 . In fact, it did cross that 5 line that we were watching. Hovering at 5 . Yesterday, just after 5 00 p. M. , the tenyear yield hit the 5 level briefly. The last time we hit that level was july of 2007. Yesterdays move cameafter fed chairman pojay powell spoke and kept the door open to more rate hikes. We have models for everything and formulas for everything. We have to be focused on what the economy is telling us. Even taking lags into account. What is it telling us . Does it feel like policy is too tight right now . I would have to say no sdp. We will talk about rates and more with Raphael Bostic. Until recently, bostic has said were done. Jay powell said yesterday at the Economic Club of new york
Bloomberg. These are the stories that set your agenda. Hire for longer after the Central Bank Holds rates. Jerome powell keeps cuts on the table, with the timing is less than certain. Jerome it is unlikely that the next great move will be a hike. Tom the yen tumbles pairing a rapid rally on suspected intervention and a big day for earnings, Standard Chartered reports a profit beat. Shel and novo nordness report, but first ing. This is the news coming through, two and a half billion euro Share Buyback following a previous buyback. Rewarding investors with additional cash. In terms of net income, this came in in line with estimates of 3. 8 3 billion euros for the First Quarter it was a beat, the lender coming through with 1. 6 billion euros, ing added 99,000 primary customers, but the buyback of two and a half billion euros. I will be speaking to the ceo at 6 15 a. M. So stay with us. Reaction coming through from the lender. Markets are digesting what we heard from jay powell, no surpris